Harvest Natural Resources Inc, a Texas based oil and gas company, said on Friday it has filed an arbitration request against Venezuela before a World Bank tribunal to protect the value of its investment in the South American country.
"ISDS cannot be reformed and, like many archaic trade practices of the 18th century, should be consigned to the annals of history," argues Cecile Toubeau
The two countries are discussing throwing their combined weight behind a common position to exclude an Investor State Dispute Settlement mechanism from trade talks with the US
The consultation on investor arbitration that the European Commission launched in Spring 2014 delivered an unambiguous verdict: today, public opinion does not want it.
Today, the European Commission published its analysis of the almost 150,000 replies to its online consultation on investment protection and investor-to-state dispute settlement (ISDS) in the Transatlantic Trade and Investment Partnership (TTIP).